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Statements of Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues:        
Rental revenue $ 5,784 $ 5,418 $ 17,531 $ 15,809
Royalty and rents 1,714 1,371 4,349 3,819
Revenue - reimbursements 999 890 3,867 3,287
Total revenues 8,497 7,679 25,747 22,915
Cost of operations:        
Depreciation, depletion and amortization 1,805 1,694 5,566 4,993
Operating expenses 818 837 3,487 3,232
Property taxes 994 874 3,323 2,593
Management company indirect 434 358 1,228 1,142
Corporate expenses 557 1,053 3,750 4,094
Total cost of operations 4,608 4,816 17,354 16,054
Total operating profit 3,889 2,863 8,393 6,861
Interest income 0 1 0 2
Interest expense (459) (410) (1,524) (1,009)
Equity in loss of joint ventures (75) (29) (255) (92)
Gain (loss) on investment land sold 0 450 (20) 528
Income from continuing operations before income taxes 3,355 2,875 6,594 6,290
Provision for income taxes 1,308 1,121 2,572 2,453
Income from continuing operations 2,047 1,754 4,022 3,837
Gain from discontinued transportation operations, net of taxes 0 1,731 2,179 3,692
Net income $ 2,047 $ 3,485 $ 6,201 $ 7,529
Basic earnings per common share        
Income from continuing operations $ .21 $ .18 $ .41 $ .40
Discontinued operations .00 .18 .23 .38
Net income .21 .36 .64 .78
Diluted earnings per common share        
Income from continuing operations .21 .18 .41 .40
Discontinued operations .00 .18 .22 .38
Net income $ .21 $ .36 $ .63 $ .78
Number of shares (in thousands) used in computing:        
-basic earnings per common share 9,777 9,651 9,745 9,613
-diluted earnings per common share 9,839 9,718 9,822 9,700